Dec 02, · How to Choose a Bitcoin Broker. Thanks to the popularity of Bitcoin, the number of Bitcoin brokers has skyrocketed around the world. If you are looking for a Bitcoin broker in Australia, you need to primarily check their legitimacy. In other words, the Australian Bitcoin broker you choose must be licensed under ASIC. Buy & Sell Cryptocurrency in Australia With Bitcoin Dealers Bitcoin Dealers have secure, conveniently situated exchanges established in Melbourne, Sydney and Adelaide business hubs, which is perfect if you want to buy and sell cryptocurrency for fiat in Australia, including Bitcoins. The above brokers are essentially the best Bitcoin trading platform for Australian residents. they have ground based offices and are ASIC regulated. ASIC is the main financial regulator in Australia and is very important so you can protect your money when trading.
Bitcoin australia brokersBitcoin Brokers Australia - How To Trade/Buy/Invest in Bitcoin
Our 3 private and secure offices are in the city centres, here you can meet a real person to help you buy or sell bitcoin and all major digital currencies. And the Sydney office is located right next to Martin Place station. We do not have any fees, however there is a difference between the buy and sell price the bid and ask. When you want to buy, the buy price is higher than the sell price, and when you want to sell, the sell price is lower than the buy price.
All markets in the world have a bid and ask system, we follow the same system. Yes making it very easy and convenient with Bitcoin Dealers. Bitcoin is like cash and should be treated as such. You can think of Bitcoin as been digital cash, therefore very easy to convert to cash at any time.
Our exchange offers easy, fast and secure to Bitcoin for cash transactions and vice versa. Many experts agree that digital currencies are the way of the future, like emails replaced fax machines and digital cameras replaced film cameras.
Would you go and buy a fax machine now days? Most likely no you would not. The world is changing due to technological advances and outdated ways of doing things. Bitcoin and digital currencies are the latest technology in the world of currencies. But remember at the end of the day it is your decision if Bitcoin is the right investment for you, there is a large amount of very good information on the web that is worth studying to make an inform decision.
Yes Bitcoin is Legal here in Australia. A word of caution, the banking system are very anti Bitcoin here and all over the world. The simple explanation is that Bitcoin is their competition. Some people might take this as a misinterpretation and think that Bitcoin is illegal.
Bitcoin was originally created to go outside of the banking system to provide faster, more convenient and cheaper transfers. Yes Bitcoin is extremely safe to use, however be extremely wary of scams. Due to bitcoin being almost impossible to find who owns a Bitcoin wallet, and not been able to freeze or confiscate Bitcoin, scammers all over the word us it to ask for payments.
Please use your common sense, scammers use many techniques so it would be impossible to list them here. However Bitcoin wallets are different to bank accounts as cryprocurrency wallets do not have names and you do not require to give any information whatsoever to open a wallet.
Therefore is almost impossible to ever match a wallet to an actual person. Unless the owner of the wallet shares the 12 words private key. Buy Bitcoin Sell Bitcoin. Come to our secure office in Melbourne, Adelaide, or Sydney. The Bitcoin trading platform performance and ease of use is key to making your trading successful. All of these Bitcoin Trading platforms all have state-of-the-art interfaces which you can monitor your trades in real-time on your desktop or mobile device via their intuitive apps.
Both buying Bitcoin and Bitcoin trading have advantages and disadvantages just like any other form of financial speculation. Bitcoin trading Australia is performed via a CFD.
CFD means Contract For Difference, which is the product you use to trade Bitcoin on one of the preferred platforms above. Crypto prices are fairly volatile vs normal stocks and currencies, making the price swing, even in a single trading day. You will then profit from any increase from the price you executed the trade at. If the price goes down, you will profit from any decrease from the price you executed the trade at. Another key point is that, because Bitcoin has become so expensive, when you buy the Cryptocurrency using a digital wallet, it can tie up a great deal of your capital.
Deciding whether or not to trade Bitcoin online depends on what your financial goals are. Some of the reasons that Australian investors trade Bitcoin include:. All trading involves fees and are mostly made up of transaction fees and overnight financing. These trading fees cover the use of the platform and are known as the spread. These vary from market to market and trading platform provider.
Overnight financing is a fee to keep the trade open when the markets are closed. These fees are similar to an exchange, where they charge you each time you transact in your digital wallet. Below are the most common ways to trade. I would make sure you pick the strategy that resonates with you and how involved you want to be. Read our eToro review. The broker offers a free demo version of the software. New users can practice trading Bitcoins without actually spending money. Plus offers a well-regarded CFD trading service to users from around the world.
The Israel-based broker has an office in Australia. The broker is regulated under local laws by ASIC. The broker has a CFD trading platform where you can also trade a number of cryptocurrencies including Bitcoin but also stocks like Tesla.
Plus offers some of the best leverages on its platform for crypto traders. The trading software is intuitive to use and offers access to a vast number of markets. The software is mobile-supported on both Android and iOS.
Plus is a great broker to choose for quality as well as to gain access to various markets. Their platform is great for transitioning to Bitcoin trading.
Read the Plus review. Choose your Bitcoin broker wisely. Consider all the options available before jumping in. Armed with the inofrmation provided by the above guide, you will be a step closer to mastering Bitcoin trade. Bitcoin is the best-known cryptocurrency in the world. A cryptocurrency is a form of digital currency.
In that, Bitcoins are not governed by a central bank like non-digital currency. Products can be purchased online with Bitcoins, but this is largely limited for now.
You can also buy and sell Bitcoins as a form of investment. This is the essence of Bitcoin trading. Investors buy Bitcoins and hold it as an asset, much like stock.
If the price for the currency goes up in the future, you can sell again and turn a profit.